FAR 0.99% 51.0¢ far limited

Production cut Deal by 2016

  1. 62 Posts.
    Some interesting articles predicting no change to production at the OPEC meeting.
    It looks like the Saudi's still want a deal this year;

    http://www.techtimes.com/articles/1...-oil-production-if-other-producers-follow.htm

    "While Saudi Arabia is not expecting a formal deal during the OPEC meeting this week, they are hoping that an agreement could be implemented by 2016, said Energy Intelligence."
    "Saudi to propose one million bpd cuts ... if ... Iran, Iraq and #OPEC join cuts. In other words won't happen. Whoever does cut will lose market share,"

    If the Saudi's drop 1M, coupled with a drop by Iraq and Iran - Perhaps FAR could be the luckiest company on the planet.
    We negotiated a RIG in cheap Oil and could have results presented in a spike.

    Let's see how it plays out, no doubt some good buying opportunities in next few days. Hold on tight, I know I am
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
(20min delay)
Last
51.0¢
Change
0.005(0.99%)
Mkt cap ! $47.12M
Open High Low Value Volume
50.0¢ 51.0¢ 50.0¢ $14.24K 28.37K

Buyers (Bids)

No. Vol. Price($)
1 9190 50.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 345186 5
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
FAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.